Tell Congress:
"President Biden has proposed to make the largest investment in U.S. jobs, workers and communities in generations. And he pays for it by making corporations pay their fair share. Pass the president’s $2.3 trillion American Jobs Plan and his Made in America Tax Plan to create millions of jobs for working families, rebuild our communities and invest in our country’s future."
|
John,
President Biden is proposing to raise $2.5 trillion by making America’s corporations finally begin to pay their fair share in taxes. He calls this a once-in-a-generation opportunity to invest in our country’s future―and he’s right.
The American Jobs Plan would invest in jobs with good pay and benefits in infrastructure, green energy, affordable housing, and care for the aging and people with disabilities. This landmark initiative will also invest in job training and invests federal funds in innovative manufacturing to make America more economically competitive.
And we know we can afford it when corporations start paying their fair share in taxes. Did you know that last year 55 US corporations paid ZERO dollars in federal income taxes on $40 billion in profits?
Join CHN and our coalition of national partners to demand Congress pass President Biden's Made in America Tax Plan and American Jobs Plan. Add your name!
Here's how this plan works: The president’s Made in America Tax Plan raises $2.5 trillion by increasing the corporate tax rate from 21% to 28%, closing loopholes that have incentivized multinational corporations to outsource jobs and shift profits to offshore tax havens, placing a 15% minimum tax on corporations so they can’t get away with paying $0 in taxes, ending fossil fuel tax subsidies and more.
Of course, Wall Street and Corporate America’s army of lobbyists are trying to block the proposed corporate tax increases―even while this investment in our future will create millions of good-paying jobs and boost our pandemic recovery.
Keep in mind, these same corporations paid an average effective tax rate of less than 8% in 2018―only a fraction of the current 21% corporate tax rate―thanks to loopholes and our rigged tax system.
In order to create an equitable recovery from this pandemic and build an economy that works for all of us, it’s time for corporations to pay their fair share in taxes.
Can you take 30 seconds to sign the petition demanding Congress pass President Biden’s Made in America Tax Plan and American Jobs Plan to create millions of good jobs for working people, rebuild our communities, and invest in our country’s future?
Thank you for all you do to fight for a future that includes all of us, not just the wealthy few.
Deborah Weinstein
Executive Director, Coalition on Human Needs
|